India is fast emerging as the hotbed of tech unicorns. While Flipkart, Paytm, Zomato have been household names for long, as many as 16 startups acquired the unicorn status (billion dollar valuations) in 2021 alone.
It is heartening to see the startups being able to raise money in Indian equity markets rather than list overseas. Therefore, the Zomato IPO is no doubt a healthy sign for the Indian stock markets overall.
But should you simply assume that Zomato and Paytm are set to be the next Microsoft and Apple? Let me tell you.
Tanushree Banerjee (Research Analyst), is the editor of Stock Select and Forever Stocks. Tanushree started her career at Equitymaster covering the banking and financial sector stocks and scrutinising RBI policies. Over the last decade, she developed Equitymaster's research processes that helped us pick out various multibaggers, across all sectors. A firm believer of "safety first" when it comes to investing, Tanushree closely follows the investing philosophies of Warren Buffett, Jeremy Grantham, and Joel Greenblatt.
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